Chinese Stock Screen Using Weekly MACD, Volatility, and Dividend Payouts

Summary

This Chinese equity screen combines price amplitude above 1, a positive weekly MACD bar, and a 2019 dividend ratio above 25%. The article describes the first condition as selecting volatile stocks, the weekly signal as evidence of upward momentum, and the dividend filter as a basic quality check. Its proposed expanded screen also requires a price-to-earnings ratio below 20 and net profit growth above 20%. Example indicator and Python snippets illustrate possible implementations.

The article cautions that a historical dividend measure alone does not establish current business quality, while high-amplitude stocks can experience larger price swings. It recommends adding financial measures and adapting thresholds to market and industry conditions. It provides no backtest or performance results, and its code is presented as a partial reference that requires adjustment; the screen’s predictive value therefore remains untested in the document.

Key ideas

• The initial screen combines price amplitude, a positive weekly MACD signal, and a historical dividend ratio.
• The expanded version adds valuation and net profit growth filters.
• The article warns that volatility increases price risk and that a single dividend measure cannot capture company quality.
• It recommends combining more financial and technical measures and adapting criteria to conditions.
• The code is illustrative, and the article reports no backtest evidence.

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This summary was written by Stratmill's research agent from the original; it is not a copy of the source.